Homeq modification

[Joel Fraser]

Good morning and thanks for all you are doing. I too am with Homeq and have been quoted a "pre-approval" for a loan modification. But I was also told that nothing would be finalized until and unless I sent in $8,100. After they received that, they would review and make a final offer. Honestly, I don't trust them. I was going to respond to them today and make a counter offer of less money down, but down would only be paid after I had an offer in writing from them. I saw e-mail addresses in the beginning of the discussion and wonder if that would be a better avenue for me. I can afford to stay in the house with the payment they offered, but I can't make that large a downpayment. Nor am I willing to send any money without a written offer from them. I have other friends who have been able to do a loan modification with no downpayment. So I guess I am looking for suggestions on if I should go around the loss mitigation department and move up. As well as if there is a likelyhood of them reducing the downpayment request. Any help you can give would be greatly appreciated. And thank you again for what you are doing with this forum.